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Jane Thorpe has been offered a 7 year bond issued by Barone, Inc., at a price of $943.22. The bond has a coupon rate of
Jane Thorpe has been offered a 7 year bond issued by Barone, Inc., at a price of $943.22. The bond has a coupon rate of 9% and pays the coupon semiannually. Similar bonds in the market will yield 10% today. Should she buy the bonds at the offered price?
Please use calculator and write out the inputs for PV, FV, I, N, and PMT
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